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美国运通（AXP）与ROYAL GOLD INC（RGLD）财务数据对比。点击上方公司名可切换其他公司
ROYAL GOLD INC的季度营收约是美国运通的19.9倍（$375.3M vs $18.9M）。ROYAL GOLD INC净利率更高（24.9% vs 15.7%，领先9.2%）。ROYAL GOLD INC同比增速更快（85.3% vs 11.4%）。过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs -95.6%）
美国运通是全球知名的支付服务提供商，主营签账卡、信用卡产品及旅行相关服务，下设全球消费者服务、全球商业服务、全球商户与网络服务三大业务板块，还提供支付融资、网络服务、应付账款费用管理、旅行生活服务等多元解决方案。
Royal Gold Inc.是全球领先的贵金属流权与特许权经营企业，收购并管理多元化的矿业项目流权、净熔炼收益特许权及相关权益，资产覆盖黄金、白银、铜等品类，业务遍及多地区，无需直接承担采矿运营风险。
AXP vs RGLD — 直观对比
营收规模更大
RGLD
是对方的19.9倍
$18.9M
营收增速更快
RGLD
高出73.9%
11.4%
净利率更高
RGLD
高出9.2%
15.7%
两年增速更快
RGLD
近两年复合增速
-95.6%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $18.9M | $375.3M |
| 净利润 | $3.0M | $93.6M |
| 毛利率 | — | 64.6% |
| 营业利润率 | — | 56.2% |
| 净利率 | 15.7% | 24.9% |
| 营收同比 | 11.4% | 85.3% |
| 净利润同比 | 15.0% | -12.8% |
| 每股收益（稀释后） | — | $1.04 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AXPRGLD
| Q1 26 | $18.9M | — | ||
| Q4 25 | $10.9B | $375.3M | ||
| Q3 25 | $10.4B | $252.1M | ||
| Q2 25 | $10.3B | $209.6M | ||
| Q1 25 | $9.6B | $193.4M | ||
| Q4 24 | $10.0B | $202.6M | ||
| Q3 24 | $9.7B | $193.8M | ||
| Q2 24 | $9.8B | $174.1M |
净利润AXPRGLD
| Q1 26 | $3.0M | — | ||
| Q4 25 | $2.5B | $93.6M | ||
| Q3 25 | $2.9B | $126.8M | ||
| Q2 25 | $2.9B | $132.3M | ||
| Q1 25 | $2.6B | $113.5M | ||
| Q4 24 | $2.2B | $107.4M | ||
| Q3 24 | $2.5B | $96.2M | ||
| Q2 24 | $3.0B | $81.2M |
毛利率AXPRGLD
| Q1 26 | — | — | ||
| Q4 25 | — | 64.6% | ||
| Q3 25 | — | 73.6% | ||
| Q2 25 | — | 72.6% | ||
| Q1 25 | — | 69.4% | ||
| Q4 24 | — | 70.3% | ||
| Q3 24 | — | 66.6% | ||
| Q2 24 | — | 64.7% |
营业利润率AXPRGLD
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | 56.2% | ||
| Q3 25 | 36.7% | 64.4% | ||
| Q2 25 | 34.4% | 67.7% | ||
| Q1 25 | 34.6% | 63.6% | ||
| Q4 24 | 27.7% | 65.9% | ||
| Q3 24 | 33.0% | 61.3% | ||
| Q2 24 | 38.6% | 58.6% |
净利率AXPRGLD
| Q1 26 | 15.7% | — | ||
| Q4 25 | 22.5% | 24.9% | ||
| Q3 25 | 27.9% | 50.3% | ||
| Q2 25 | 28.0% | 63.1% | ||
| Q1 25 | 26.8% | 58.7% | ||
| Q4 24 | 21.8% | 53.0% | ||
| Q3 24 | 25.8% | 49.7% | ||
| Q2 24 | 30.7% | 46.6% |
每股收益（稀释后）AXPRGLD
| Q1 26 | — | — | ||
| Q4 25 | $3.52 | $1.04 | ||
| Q3 25 | $4.14 | $1.92 | ||
| Q2 25 | $4.08 | $2.01 | ||
| Q1 25 | $3.64 | $1.72 | ||
| Q4 24 | $3.04 | $1.63 | ||
| Q3 24 | $3.49 | $1.46 | ||
| Q2 24 | $4.15 | $1.23 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $233.7M |
| 总债务越低越好 | $60.4M | — |
| 股东权益账面价值 | $34.0M | $7.2B |
| 总资产 | $308.9M | $9.5B |
| 负债/权益比越低杠杆越低 | 1.78× | — |
8季度趋势，按日历期对齐
现金及短期投资AXPRGLD
| Q1 26 | — | — | ||
| Q4 25 | $742.0M | $233.7M | ||
| Q3 25 | $1.3B | $172.8M | ||
| Q2 25 | $197.0M | $248.2M | ||
| Q1 25 | $261.0M | $240.8M | ||
| Q4 24 | $221.0M | $195.5M | ||
| Q3 24 | $120.0M | $127.9M | ||
| Q2 24 | $188.0M | $74.2M |
总债务AXPRGLD
| Q1 26 | $60.4M | — | ||
| Q4 25 | $56.4B | — | ||
| Q3 25 | $57.8B | — | ||
| Q2 25 | $58.2B | — | ||
| Q1 25 | $51.2B | — | ||
| Q4 24 | $49.7B | — | ||
| Q3 24 | $53.5B | $0 | ||
| Q2 24 | $51.5B | $50.0M |
股东权益AXPRGLD
| Q1 26 | $34.0M | — | ||
| Q4 25 | $33.5B | $7.2B | ||
| Q3 25 | $32.4B | $3.4B | ||
| Q2 25 | $32.3B | $3.3B | ||
| Q1 25 | $31.2B | $3.2B | ||
| Q4 24 | $30.3B | $3.1B | ||
| Q3 24 | $29.7B | $3.0B | ||
| Q2 24 | $29.5B | $3.0B |
总资产AXPRGLD
| Q1 26 | $308.9M | — | ||
| Q4 25 | $300.1B | $9.5B | ||
| Q3 25 | $297.6B | $4.5B | ||
| Q2 25 | $295.6B | $3.6B | ||
| Q1 25 | $282.2B | $3.5B | ||
| Q4 24 | $271.5B | $3.4B | ||
| Q3 24 | $271.0B | $3.3B | ||
| Q2 24 | $272.2B | $3.3B |
负债/权益比AXPRGLD
| Q1 26 | 1.78× | — | ||
| Q4 25 | 1.68× | — | ||
| Q3 25 | 1.78× | — | ||
| Q2 25 | 1.80× | — | ||
| Q1 25 | 1.64× | — | ||
| Q4 24 | 1.64× | — | ||
| Q3 24 | 1.80× | 0.00× | ||
| Q2 24 | 1.74× | 0.02× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $241.7M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 2.58× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流AXPRGLD
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $241.7M | ||
| Q3 25 | $6.2B | $174.0M | ||
| Q2 25 | $4.4B | $152.8M | ||
| Q1 25 | $4.8B | $136.4M | ||
| Q4 24 | $5.8B | $141.1M | ||
| Q3 24 | $-1.8B | $136.7M | ||
| Q2 24 | $4.5B | $113.5M |
自由现金流AXPRGLD
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | — | ||
| Q3 25 | $5.6B | — | ||
| Q2 25 | $3.7B | — | ||
| Q1 25 | $4.3B | — | ||
| Q4 24 | $5.3B | — | ||
| Q3 24 | $-2.3B | — | ||
| Q2 24 | $4.0B | — |
自由现金流率AXPRGLD
| Q1 26 | — | — | ||
| Q4 25 | 21.4% | — | ||
| Q3 25 | 53.6% | — | ||
| Q2 25 | 36.3% | — | ||
| Q1 25 | 45.0% | — | ||
| Q4 24 | 53.1% | — | ||
| Q3 24 | -23.3% | — | ||
| Q2 24 | 40.4% | — |
资本支出强度AXPRGLD
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | — | ||
| Q3 25 | 6.3% | — | ||
| Q2 25 | 6.0% | — | ||
| Q1 25 | 4.5% | — | ||
| Q4 24 | 5.0% | — | ||
| Q3 24 | 4.7% | — | ||
| Q2 24 | 5.8% | — |
现金转化率AXPRGLD
| Q1 26 | — | — | ||
| Q4 25 | 1.25× | 2.58× | ||
| Q3 25 | 2.15× | 1.37× | ||
| Q2 25 | 1.51× | 1.15× | ||
| Q1 25 | 1.84× | 1.20× | ||
| Q4 24 | 2.66× | 1.31× | ||
| Q3 24 | -0.72× | 1.42× | ||
| Q2 24 | 1.50× | 1.40× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AXP
| Discount revenue | $9.5M | 50% |
| Other | $8.9M | 47% |
| Deposits with banks and other | $512.0K | 3% |
RGLD
| Gold | $216.9M | 58% |
| Pueblo Viejo | $47.3M | 13% |
| Andacollo | $32.6M | 9% |
| Silver | $32.1M | 9% |
| Other | $27.2M | 7% |
| Copper | $13.7M | 4% |
| Cortez Legacy Zone | $5.4M | 1% |
